 Officers and directors shall be deemed to stand in a fiduciary relation to the corporation, and shall discharge the duties of their respective positions in good faith, and with that diligence, care and skill which ordinarily prudent men would exercise...  Proceedings of the Idaho State Bar - Page 73by Idaho State Bar - 1925Full view - About this book
 | Alabama - Law - 1933 - 412 pages
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 | United States. Federal Trade Commission - Coal mines and mining - 1934 - 938 pages
...which the payment is to be made LGS, sec. 1106) . I. Directors who knowingly or without exercising that diligence, care, and skill which ordinarily prudent men would exercise under similar conditions voted in favor thereof shall be liable, jointly and severally, to creditors of the corporation... | |
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